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Dunno but something is going on ...!!
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ssbx
did the o/s go down? scottrade is showing 9.7m, I thought it was 15m
Short on SSBX....
Short Interest Date Short Interest % Change Avg. Daily Share Volume Days to Cover Split New Issue
Nov 28, 2008 365,378 0.00 36,148 10.11 No No
Nov 14, 2008 365,369 -3.71 19,013 19.22 No No
Oct 31, 2008 379,450 2.26 42,855 8.85 No No
Oct 15, 2008 371,063 -2.60 82,464 4.50 No No
Sep 30, 2008 380,963 -43.49 293,950 1.30 No No
Sep 15, 2008 674,197 100.00 279,246 2.41 No No
Aug 29, 2008 1,523,819 18.60 330,999 4.60 No No
Jul 31, 2008 1,226,449 -2.09 105,106 11.67 No No
Jul 15, 2008 1,252,599 4.70 52,473 23.87 No No
Jun 30, 2008 1,196,417 1.26 85,720 13.96 No No
i havent tried to buy or sell this security lately. Now that is gone down to almost zero, i will just let it sit there...
i cant believe the company will not even sell the shell for some money, they can easily sell a clean pink shell for 1 million...but who knows....
OK ...but I still have not seen the L2 listed on pinksheets before. It must be a new thing....
I am having trouble with this stock in my account too....
Everytime I try to put in a sell order, it says that this security is not available for order entry yet it let me buy it a few months back....
Anyone else have this issue ...??
i asked ihub to change symbol from ssbx to ssbx.pk...thats what is showing as otc, check some other pink boards, they also say similar, pinks are listed otc.....
In the name of the board USOTC:SSBX
Plus now L2 is shown on pinksheets.com
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ssbx
And it is listed here...
http://www.otcbb.com/asp/Info_Center.asp
Type SSBX into quote query
Exhange listed as OTO
I'm pretty sure all this is new
i still see it on the pinks, where did you see the otc...maybe i missed something
Hey ...is this trading back on the OTC...??
How the Revised Bank Rescue Plan Will Work
CREDIT CRUNCH, FINANCIAL CRISIS, GLOBAL ECONOMY, IMF, PAULSON, BUSH, GROUP OF SEVEN, STOCK MARKETS, G7
Reuters
| 14 Oct 2008 | 11:35 AM ET
The U.S. government on Tuesday launched a plan to inject $250 billion into beleaguered U.S. banks and guarantee bank debt to beat back a financial crisis that threatens to swamp the economy.
Following are details of the U.S. Treasury Department's recapitalization plan and the Federal Deposit Insurance Corp.'s decision to guarantee 100 percent of banks' unsecured debt and non-interest bearing deposits.
TREASURY PLAN
—The Treasury will buy up to $250 billion in preferred stock in banks, thrifts, or other depository institutions, but not those controlled by a foreign bank or company.
—Government non-voting stakes in qualifying financial institutions, with stakes in each institution limited to the lesser of $25 billion or 3 percent of risk-weighted assets. It set a Nov. 14 deadline for banks to apply for government purchases.
—Nine large financial instituions have agreed to sell shares in the government. The Treasury would not disclose them, but sources familiar with the matter and media reports have identified them as Bank of America , Wells Fargo , Citigroup , JPMorgan Chase , Goldman Sachs , Morgan Stanley and Bank of New York , State Street and Merrill Lynch .
—The funds for the purchases will come from the $700 billion authorized by Congress under a financial bailout bill known as the Emergency Economic Stabilization Act. The rescue plan initially focused on purchases of bad assets from banks to allow them to room to resume lending.
—The government non-voting senior preferred shares may not be redeemed for three years and will pay dividends of 5 percent annually for the first five years and 9 percent thereafter until the institution repurchases them. The government senior preferred shares do not alter rights of existing senior preferred share holders.
—Participating banks will need the Treasury's approval to increase common stock dividends for three years under the plan.
—The Treasury will also receive warrants to purchase common stock in a participating bank at an aggregate market price of 15 percent of its senior preferred stock investment. The warrants will be exercisable for 10 years and the exercise price will be based on a 20-day trailing average of the institutions' common stock price on the date of the Treasury investment.
—Participating banks must comply with Treasury restrictions on executive compensation, which limit tax deductability of senior executive pay to $500,000. Banks also must ensure that incentive compensation does not encourage unnecessary and excessive risks that threaten the value of the institution. They require bonuses to be "clawed back" if earnings statments or gains are later proven to be materially inaccurate and prohibit "golden parachute" payments to senior executives.
—A number of these same executive pay restrictions apply to financial firms that sell more than $300 million of troubled mortgage related assets to the Treasury under the asset purchase plan.
FDIC GUARANTEE PLAN
—The Federal Deposit Insurance Corporation, the government agency which traditionally guarantees deposits at banks, will guarantee senior unsecured debt issued by U.S-regulated banks, thrifts and other depository institutions issued befor June 30, 2009, including promissory notes, commercial paper, inter-bank funding and any unsecured portion of secured debt. This must not exceed 125 percent of debt outstanding on Sept. 30, 2008.
—This debt would be full protected in the event that the issuing institution subsequently fails, or its holding company files for bankruptcy. Coverage would be limited until June 30, 2012, even if the debt's maturity exceeds that date.
—The FDIC will guarantee all funds in non-interest-bearing transaction deposit accounts held by FDIC-insured banks until Dec. 31, 2009. These are mainly payment processing accounts, such as payroll accounts used by businesses.
—Fees for these guarantees would not rely on taxpayer funding. They would be paid by participating banks taht would pay a 75 basis-point fee to protec ttheir new debt issues and a 10 basis-point surcharge for desposits not otherwise covered by the existing deposit insurance limit of $250,000. All FDIC-insured institutions will be covered under the program for the first 30 days without any costs. After this initial period, banks not wishing to continue their participation will have to opt out or be assessed for future guarantees.
SYSTEMICALLY SIGNIFICANT FAILING INSTITUTIONS
—The Treasury is developing a third program to prevent in "systemically significant" financial firms from failing on a case-by-case basis.
—Treasury is still developing details of that rescue plan that it says will "provide direct assistance to certain failing firms on terms negotiated on a case-by-case basis."
—The Treasury will issuing guidance on executive compensation for firms under this plan that is similar to the capital purchase plan, but this will define golden parachutes more strictly to prohibit any payments to departing senior executives.
Copyright 2008 Reuters. Click for restrictions.
URL: http://www.cnbc.com/id/27180064/
I picked up shares a few weeks back through TDW Canada ....
Now, it wont let me sell them ...
Anyone else have this ...??
anyone read or hear about, the bail out and ssbx...before the bail out plan came out , we went from 5 to 10 cents...and then we went back down....
are we part of it, is zion going to get assistance to buy ssbx bad credit...i havent read or heard anything, if any one has, then please post, even if its just ur thoughts...thanks...
Whatever the case ....its holding its own in todays crappy market...
can anyone say if this company is part of the bail out...or has this stock complete gone dead....what i dont understand if this is dead, why are people still trading, and what are people buying into...if there is a chance of a bail out, does any one have an expectation on how this will pan out....will we get zion cotp shares, or will we get paid a dividend, or is this bank gone bust and share holders get nothing....
i am assuming a large number of execs still have big holding....there were no reports of insider sales from the execs, and some of them held 20 or 30 thousand shares, purchases at 10 dollars or more....
if anyone can shed any light, it would be appreciated....
short ban extended
Posted by: Carlito Date: Thursday, October 02, 2008 1:11:56 AM
In reply to: pickinngrinin who wrote msg# 891 Post # of 896
SHort Ban Extended: http://news.yahoo.com/s/nm/20081002/bs_nm/us_financial_sec_extension_1
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32587171
Senate passes $700B 'sweetened' rescue package
Wednesday October 1, 9:31 pm ET
By Julie Hirschfeld Davis and Charles Babington, Associated Press Writers
Senate passes a $700 billion rescue package with tax breaks and other sweeteners
WASHINGTON (AP) -- After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.
Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.
In the House, leaders were working feverishly to convert enough opponents of the bill to push it through by Friday, just days after lawmakers there stunningly rejected an earlier version and sent markets plunging around the globe.
I'm in also, along with some other regionals, as I think they will all pop-up with the bailout provisions. I especially like the extremely low float on this one. GLTA
Keep an eye on that GAP.....
volume is right on the side by the channel button.lol
It is coming, 3 new boardmarks today.
where is the volume here?
looks like bid came up.....
O/S 15,135,765
Float 9,952,668
http://ih.advfn.com/p.php?pid=squote&symbol=SSBX
nice buys at ask all morning.
SSBX b/a is .06 x .08 now...
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=SSBX
So ...will SSBX be part of the bailout ...??
The largest bank
failure by far this year has been that of savings and loan IndyMac Bank, which was seized by regulators on July 11 with about $32 billion in assets and deposits of $19 billion.
The seizure of Pasadena, Calif.-based IndyMac, which was the largest regulated thrift to fail in the United States, prompted hundreds of angry customers to line up for hours in Southern California to demand their money. IndyMac also was the second-largest financial institution to close in U.S. history, after Continental Illinois National Bank in 1984.
The FDIC has been operating the bank, now called IndyMac Federal Bank, under a conservatorship.
I think they want to keep it down,and load up.Very small float, and maybe they know something,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32477514
I have a feeling they will want to cover this black eye before nov.4Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.
http://money.cnn.com/2008/09/05/news/economy/bank_closure.ap/index.htm?source=yahoo_quote
Kinda of strange none of buys showed up either
Same here filled me with 3 buys and showed none.
We will see if the fed makes us smile.
you aint kiddin there.
at the same time, it's sickening to see this chaos in the financials
You seen what happened to IDMC yesterday,up 288%,and look at that gap that will fill, $.50, weeeeeeee
19 bm
MM hiding buys or showing them at the wrong price just got an order filled for .06 there not showing it
Got a AON order in
I am here .... hopefully the fed bail out package (if anything) includes the little banks like this......
So now this a pink ............great. sneak out on the weekend with the stockholders money, then insult us with pennys instead of dollars. Nice, where can I find another one of these jewels.
Bastards....should go to jail, including McCain's son..
think it is higher...check the last quarterly.....and here is the latest:
http://biz.yahoo.com/e/080909/ssbx8-k.html
is the correct o/s 9.7M?
that was the offering to raise capital....none needed now....so it was withdrawn ... that's all.......... thought to see a symbol change.not yet..eh?
Not Yet open SSBX?
what does this exactly mean?
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Silver State Bancorp, through its wholly-owned subsidiary, Silver State Bank, currently operates thirteen full service branches in southern Nevada and four full service branches in the Phoenix/Scottsdale market area. Silver State Bank also operates loan production offices located in Nevada, California, Washington, Oregon, Utah, Colorado and Florida.
Silver State Bancorp is headquartered in Henderson, Nevada and listed on the Nasdaq Global Market under the symbol SSBX.
http://www.silverstatebancorp.com/
HENDERSON-BASED BUSINESS: Silver State Bancorp files for bankruptcy
Bank holding company's filings show losses in 2006 and 2007
http://www.lvrj.com/business/37195794.html
Jan. 07, 2009
Copyright © Las Vegas Review-Journal
FDIC Information for Silver State Bank, Henderson, NV | ||
On September 5, 2008, Silver State Bank, Henderson, NV was closed by the Nevada Financial Institutions Division. Subsequently the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. All insured non-brokered deposit accounts at the Nevada branches have been transferred to Nevada State Bank, Las Vegas, NV. For more information on Nevada State Bank visit us at http://www.nsbank.com. All insured non-brokered deposit accounts at the Arizona branches have been transferred to National Bank of Arizona, Tucson, AZ. For more information on National Bank of Arizona visit us at http://www.nbarizona.com. The FDIC has assembled useful information regarding your relationship with Silver State Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution. Please select the link below to read more about this event: |
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